THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics

PETER SCHIFF

Monday, January 9, 2012

Peter Schiff on What is Operation Twist?

Peter Schiff - " The real problem on Operation Twist is that it is going to put the squeeze on banks which is not going to help the economy grow by any means " says Peter Schiff " the idea behind Operation Twist is that the FED is going to sell 400 billion dollars worth of shorter term that it has in its portfolio and then it will turn on and buy government bonds" Peter Schiff explains

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.